| The KUIK Morning Market Report for Wednesday, December 18: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 59 | points | 15,935 | 7:08 AM | ||
| S&P500 | Up | 0.18% | percent | 1,784 | 3.16 | ||
| Nasdaq Composite | Down | -0.11% | percent | 4,019 | (4.38) | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.91 | Annual Yield | ||
| The Commerce Department reports construction of new homes jumped 22.7% in November to a seasonally adjusted annual rate of 1.09 million, the highest rate since February 2008, with surges for single-family homes and apartments. Economists expected 963,000 units. Overall starts in November were up 29.6% from November of 2012, pointing to the housing market’s continuing recovery. | |||||||
| A report in Nature this month says the world’s banana supply is at risk from a fungus. The report says the fungus has recently spread to Mozambique and Jordan from Asia. The fear is that it will travel to Latin America and the Caribbean, home to 80% of the banana export business. | |||||||
| January crude is up 0.3%, to $97.78 a barrel on the New York Merc. The American Petroleum Institute reported yesterday after the close that U.S. oil stocks fell by 2.5 million barrels in the week ended Dec. 13. The Federal Reserve ends its two day policy meeting today and the markets are waiting for an announcement on tapering bond buying and interest rates. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-starts-up-227-to-109m-rate-in-november-2013-12-18 | |||||||
| http://blogs.marketwatch.com/thetell/2013/12/17/banana-fungus-spreads-threatening-breakfast-minions-and-more/ | |||||||
| http://www.marketwatch.com/story/oil-futures-edge-upward-on-supply-data-2013-12-18?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||